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Our experts can’t emphasize enough that the most important factor when deciding whether to use any broker is licensing. It is a cardinal rule never to sign up with a broker who is not regulated. Working with a broker that does not have a license offers no protection in the case of a broker scam. Although the lack of a license is not a guarantee that a broker is fraudulent, it is the one factor that comes up time and time again when we investigate broker scams.
The company does not as well disclose the time it takes for them to process the withdrawal requests. There is a lot of information missing from this platform, and proceeding with them would be unwise. Unfortunately, what this company offers is unattainable. The spread of 3 pips is very high, and it raises questions.
Scam + Referred to Recovery Less than 10% recovered.. wat kind of good business is this
I am jobless and was looking for job when it was offered to me. I am now gaining good profit and no need to find a job. You are not the first and you likely won’t be the last. Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity. LimeFX is an online trading broker owned by LimeFX Ltd and located at Carenage Bay Canouan Island, VC0450 Kingstown, Saint Vincent & Grenadines. However, this depends on how long it takes for one to realize that the company is a scam.
- Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity.
- According to Whois.com, the registration of LimeFX.com took place in August 2005 and will expire in August 2020.
- A little bit of preliminary research can go a long way in protecting you and your finances.
Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at and we will help you with this step as well. If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good.
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They start off really really great with wonderful signals. Then very quickly they’ll ask you to increase your USD200 LimeFX to USD6000 because they are doing a wonderful job. Then there’ll be occasions when the trades will go sour, they’ll ask for more money. If you sign up the 6 months agreement, they’ll get you to put in very aggressive trades because you need to meet your obligations in the contract.
Some scam brokers restrict clients to their own platform which may not be a platform at all, but fake. Keep in mind that proprietary platforms are only as good as the brokers that develop them. Many proprietary platforms from high-quality brokers can provide an excellent trading experience. We have done a thorough investigation of LimeFX Ltd and want to share our findings with you. We have developed our research methods through years of working closely with regulators, banks, and government organizations connected with the financial industry. Our methods have kept thousands of people safe from broker scams.
Execution was excellent, and the analysis was insightful. Thank you for providing such useful information and thorough explanations. If LimeFX has acted in any of the following ways, it’s more than likely that you have already been tricked or that you are currently involved in a scam. It seems LimeFX has a few unflattering articles ranking high on search engines. The website owners did not agree to remove the reviews, and therefore LimeFX took matters into their own hands.
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Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too. She explained to me that their website is an online learning platform that provides financial education to get started with online trading. They will also have https://limefx.name/ a financial consultant who will guide me on how to do trading. The educational platform was stated to be having lifetime access and all of it for a payment of One Hundred United States Dollars. Along with the Capital World account, I also received an email from a company named LimeFX Ltd.
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And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes. LimeFX is an offshore broker that is not regulated by any regulatory body. This is another red flag since all legit brokers are offering MT4 or MT5. LimeFX is a brand owned by LimeFX Ltd, registered in Saint Vincent and the Grenadines. The company was established in 2019 and has no regulation whatsoever.
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Other than that, we were able to find the reviews from Denmark, Poland, Portugal, and several other European countries. Read our in-depth LimeFX review and find out why most of the traders are avoiding this broker. Everything that you need to know about regulation, fees and leverage. Based on the information that we’ve provided and the reporting that stands behind it, LimeFX or LimeFX Ltd. is an offshore Forex Scam.
- LimeFX is an online trading broker owned by LimeFX Ltd and located at Carenage Bay Canouan Island, VC0450 Kingstown, Saint Vincent & Grenadines.
- The answer is, because in some cases, the possibility does exist of getting ones money back from LimeFX.
- But be careful, recovery scams are rampant and waiting to take more money from victims.
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- Since it does not have any regulatory body above, the broker can practically do anything.
- If they don’t deliver profitable opportunities onto their platform.
There are better Forex trading companies in the market that you can earn a considerable amount of returns. Perform thorough research before trusting any company. They do not feature any banking information, and as if that is not enough, the company does not have feature data regarding who is its founder. LimeFX is not a light task that you can perform hastily. It would be best if you took your time and research thoroughly to avoid being scammed.
International Commission Of Securities ReviewInternational Commission Of Securities Review
When you sign a contract with a broker and deposit your money for trading, you are giving them your trust. Do not sign up with a broker until you are certain this type of trust is warranted. The first thing you should do is perform a chargeback!
Using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – is available 24/7 and has helped consumers all over the world recoup millions of dollars. The only restriction this broker listed on its website is the USA.
” The answer in this case is a resounding yes, however this shouldn’t be too much of a negative point considering the fact that LimeFX is a scam. LimeFX has five LimeFX plans that allegedly caters for the needs of all their clients. They have Mini, Advanced, executive, prime, and VIP accounts.
If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction. When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification. This will tell you whether they are regulated by a central authority or if LimeFX is an offshore and/or unregulated entity.
It should be noted that the best brokers make money on spreads and a few on commissions. One reason not to trust an unregulated broker is there is no reason not to have a license. Third and fourth-tier off-shore limefx company reviews regulators have very lax standards and do not demand much capitalization from licensees. Simply put, even a mediocre broker can get a license from somewhere, so not having any license is a bad sign.
